Media Releases
August 22, 2023The Consumer Bankers Association (CBA) today announced the launch of the “Washington Wallet Watch” campaign to defend and protect consumers’ access to the world’s safest and most reliable credit card network. Specifically, the campaign will outline how two proposals in Washington would dramatically disrupt the credit card landscape: the CFPB’s imminent final rule to lower credit card late fees...
August 7, 2023In a new op-ed published by the Cleveland Plain Dealer, CBA President & CEO Lindsey Johnson outlines how two proposals being considered in Washington, D.C. – the CFPB’s expected rulemaking to lower credit card late fees and the Credit Card Competition Act in Congress – would directly harm the millions of Americans who rely on credit cards to meet their daily financial needs. Unfortunately, as...
August 1, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement recognizing 103 bankers who graduated from CBA’s Executive Banking School, the premier advanced educational program for future leaders in retail banking: “Congratulations to the CBA Executive Banking School Class of 2023, honors graduates, and Tem Wooldridge Award recipient Mark Salatino...
July 27, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released a new statement responding to a proposed rule unveiled by the Federal Reserve, Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) seeking to implement the Basel III endgame agreement for large banks, including enhanced risk-capital requirements for all banks with $100...
July 25, 2023In a new letter sent to the U.S. Senate Subcommittee on Financial Institutions and Consumer Protection, the Consumer Bankers Association (CBA) reiterated opposition to the Biden Administration’s ongoing “junk fee” campaign that misrepresents well-regulated bank fees. In the letter, which comes ahead of a scheduled Subcommittee hearing tomorrow, CBA specifically addresses recent actions from the...
July 21, 2023The White House this week marked the second anniversary of President Biden’s Executive Order on Promoting Competition in the American Economy by highlighting some of the initiatives taken by the Administration to lower costs for consumers. These items included the forthcoming rulemaking by the Consumer Financial Protection Bureau (CFPB) to implement Section 1033 of the Dodd-Frank Act , raising...
July 14, 2023The Consumer Bankers Association (CBA) and Small Business Financial Exchange (SBFE) today released the Q1 2023 Small Business Lending Trends analysis, examining key credit information for America’s small businesses. The report reflects the impact of a volatile interest rate environment and higher costs of goods and services on small businesses. Key Findings Delinquency continued to increase...
July 11, 2023WASHINGTON, D.C. – The Consumer Bankers Association (CBA) is preparing for the return of its renowned Executive Banking School (EBS), the premier advanced educational program for future retail bank leaders. In just a few weeks, more than 350 bankers will converge on the campus of Furman University in Greenville, SC, July 23 - August 2, 2023, for the program’s 72nd year. Recognizing the upcoming...
July 6, 2023The Consumer Bankers Association (CBA) this week submitted a comment letter to the Consumer Financial Protection Bureau (the Bureau) regarding its Statement of Policy Regarding Prohibition on Abusive Acts or Practices (the Policy Statement). In the letter, CBA reiterated longstanding concerns that the Bureau is utilizing guidance and policy statements as a substitute to formal rulemakings when...
June 28, 2023Consumer Bankers Association (CBA) President & CEO Lindsey Johnson today released the following statement after the Federal Reserve announced the results of the agency’s annual stress tests, which assess the ability of large financial institutions to weather severe economic uncertainty: “Today’s results confirm America’s leading banks remain resilient, well-capitalized and fully capable of...
